ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they have entered into a power and steam purchase agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture company owned by Saudi Arabian Oil Company (Saudi Aramco)...

Net profit came in at $21.4 bn, an increase of 4% over 2022.

Oslo, Norway -- Norwegian fertilizer group Yara International on Monday signed a contract to begin transporting CO2 produced at its Netherlands plant to Norway so it can be buried under the seabed, as of 2025.The agreement with Northern Lights, a joint venture grouping oil giants Equinor of Norway, Anglo-Dutch Shell and...

The French energy firm earned a net profit of $6.7 billion.

Last year Shell inked a deal with QatarEnergy for a 9.4% stake in Qatar's North Field South project, the second phase in the expansion of the world's largest gas field, extending under the Gulf into Iranian territory. Later it also agreed to a 6.25% share in the first phase of...

PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind and solar electricity production in India.The joint venture will include wind and solar assets that Adani Green Energy Limited (AGEL) already operates and is building and developing in India, while...

Copenhagen, Denmark - Danish shipping giant Maersk on Thursday launched the world's first container ship running on bio-methanol, a key step in its effort to lower its huge carbon footprint.Maersk, which sold its oil division to TotalEnergies in 2017, has set out a target to become carbon neutral by 2040.European Commission...

TotalEnergies and SOCAR will hold 35% stake each in the field.

From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year. BP was the last to report earnings, reporting Tuesday a...

Adjusted net profit also fell down 49 percent in the second quarter.

Gas prices had soared last year after Russia cut gas shipments to Europe while oil markets were also rocked by supply concerns. But natural gas prices fell sharply as European countries found new suppliers, built up reserves and experienced a mild winter.

Riyadh, Saudi Arabia -- Aramco, TotalEnergies and SABIC have completed for the first time in the Middle East and North Africa (MENA) region the first conversion of oil derived from plastic waste into circular polymers certified with the International Sustainability and Carbon Certification (ISCC+).The plastic pyrolysis oil, also called plastic...

Algiers, Algeria - Algeria's state oil company Sonatrach said on Sunday it had signed contracts to boost gas production under an existing agreement worth about $740 million with French giant TotalEnergies.The companies will increase output from two Sahara desert fields in southeastern Algeria, for export to France and elsewhere in Europe,...

TotalEnergies and the China National Offshore Oil Corporation signed a $10-billion agreement last year to develop Ugandan oilfields and ship the crude through a 1,445-kilometre (900-mile) pipeline to Tanzania's Indian Ocean port of Tanga. The East Africa Crude Oil Pipeline (EACOP) has run into strong opposition from rights activists and...

Saudi Aramco and France's TotalEnergies signed contracts to start building an $11-billion petrochemicals facility in the Gulf kingdom, the two companies said. A signing ceremony for the engineering, procurement and construction contracts for the Amiral complex took place at Aramco's headquarters in Dhahran, in Saudi Arabia's Eastern Province.

Doha, Qatar--QatarEnergy, and its joint-venture partners TotalEnergies, Petrobras, and PETRONAS Petroleo Brasil Ltda. (PPBL) has signed the production sharing contract (PSC) for the Agua-Marinha block.The contract was awarded to the consortium on 19 December 2022 in the 1st Cycle Permanent Offer round by Brazil's National Agency of Petroleum, Natural Gas,...

Iraq looks to have renewable energies cover a third of its electricity needs by 2030 and has signed several contracts for solar plants. Its huge oil reserves are enough to produce crude at current rates for another century, but as the world works to wean itself off hydrocarbons, the country...

The Saudi company posts net profit of $31.9bn, down 19.25 percent from a year earlier.

The surging profits prompted outcry from critics as Britons face a cost-of-living crisis, which has topped the agenda for Thursday's local elections in England. They have also rekindled calls for more taxation to help offset sky-high household energy bills caused by key producer Russia's war on Ukraine.

Abu Dhabi, UAE - ADNOC Gas announced Monday a three-year supply agreement with the TotalEnergies Gas and Power Limited for exporting liquefied natural gas (LNG).Under the deal, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world.The three-year contract is expected to commence...

The firm had sold its oil sands activities in Canada to SunCor Energy.

Paris, France--French energy giant TotalEnergies announced Wednesday an agreement with Iraq on a $10 billion project that had been delayed due to disagreements over the terms of a deal aimed at improving the country's electricity supply.The contract, originally signed in 2021, includes investments in oil, gas and solar production.But the two...

Sustainable aviation fuels are being made from different sources such as municipal waste, leftovers from the agricultural and forestry industry, crops and plants, and even hydrogen.

PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda and Tanzania after several NGOs filed a suit to suspend the controversial project.The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to...

Abu Dhabi, UAE--ADNOC Distribution announced on Wednesday that it has completed its acquisition from TotalEnergies Marketing Afrique SAS of a 50% stake in TotalEnergies Marketing Egypt LLC.The closing of this landmark transaction, which was first announced in July 2022, marks the official entry of the UAE’s largest fuel and retail...

The group owned by tycoon Gautam Adani has lost around $120 billion in value since the claims were levelled by short-seller US investment group Hindenburg Research on January 24.

Adani himself has seen his fortune plummet by tens of billions of dollars, dumping him out of the real-times Forbes rich list top 10 and depriving him of his title as Asia's richest person. Adani late Wednesday cancelled a $2.5-billion stock sale meant to help reduce debt levels - long a...

Iraq admitted it had differences with France's TotalEnergies over a US$10-billion contract, including over the distribution of investments, but expressed hope they can be resolved through talks. "We have given ourselves time to continue the dialogue and reach a satisfactory solution for the parties involved regarding certain points of contention,"...

"This very important commitment gives us the opportunity to support Lebanon’s economic development, at this critical juncture. And I want to assure our brothers in Lebanon that Qatar will always be there in support of a better future for Lebanon and its people," he adds.

The deal will see the state-run QatarEnergy receive a minority 30 percent stake in two blocks of Lebanon's exclusive economic zone, according to Lebanese caretaker PM Najib Mikati. French company TotalEnergies and Italy's Eni will both retain 35 percent shares in the blocks.

BAGHDAD, IRAQ -  Iraqi Prime Minister Mohammed Shia al-Sudani will travel to France on Thursday for energy and security talks with President Emmanuel Macron, he told AFP.Sudani, in written answers to AFP, said he wants to "activate the agreements" between oil-rich Iraq and France "particularly in the transport, energy and investment sectors".French...

Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration to start drilling on its offshore gas project (Block 9) in Lebanon in 2023. “The call for tenders to secure the drilling rig has been launched and should lead to...

Move comes UK imposes windfall tax on energy firms.

The agreement comes as Abu Dhabi accelerates its development of solar energy solutions to support the wider UAE net-zero emissions by 2050 agenda.

It comes after Lebanon and Israel said in October that they had struck an "historic" deal to resolve a maritime border dispute involving offshore gas fields after years of US-mediated talks.

Sharm el Sheikh, Egypt—French giant TotalEnergies' chief executive was confronted by climate activists Friday at the COP27 summit in Egypt, where the presence of fossil fuel firms has drawn backlash. As he was readying to join a conference, Patrick Pouyanne was confronted by a number of activists, forcing him to briefly...

Project is part of the world's biggest natural gas reserves.

Firm said surging oil, gas prices helped it post massive profits.

Fuel workers voted to continue stoppages at several refineries run by TotalEnergies, the coordinator for the hard-left CGT union Eric Sellini said, rejecting a pay package agreed between the group's management and mainstream unions. Three out of seven of the country's oil refineries and five major fuel depots are affected,...

The hard-left CGT union, which launched the industrial action three weeks ago, said that workers at three TotalEnergies sites had decided to extend their strike.

Lebanon's search for gas riches in the hydrocarbon-rich eastern Mediterranean had stalled since 2020 over competing claims with Israel over offshore gas fields. Lebanon has yet to officially agree to the deal, but PM Najib Mikati said he hoped a "conclusion would be reached soon" that could pave the way...

Vehicle owners have faced increasingly long waits to fill up after two weeks of strikes by workers demanding higher wages in response to soaring prices. Like other major oil companies, TotalEnergies has seen its profits soar as energy prices skyrocket during the war in Ukraine, and government officials have been...

With the demand for gas rising worldwide because of an energy crisis sparked by Russia's invasion of Ukraine, Lebanon hopes that an offshore discovery would ease its current unprecedented financial downturn. But more than a decade since it declared its maritime boundaries and an Exclusive Economic Zone, it still has...

TotalEnergies to invest $1.5bn in natural gas production.

Campaigners say this "significant misalignment" between communication strategies and business plans could allow five of the biggest privately-owned energy firms to continue to delay the decarbonization needed to avoid the worst impacts of climate change.

As the planet struggles to meet its climate targets, some climate experts see the technique, called carbon capture and storage, as a means to reduce emissions from fossil-fuel-based industries.

French daily Le Monde said it was able to track the supply chain from the Termokarstovoye gas field in Siberia, which is partly owned by France's TotalEnergies, to two military airbases, each hosting a squadron of multirole aircraft accused of having bombed Ukrainian civilian population.

British oil giant BP returned to profit in the second quarter on the back of soaring energy prices, following a big loss due to its exit from Russia over the war in Ukraine, company results showed Tuesday.

ADNOC Distribution will acquire 50 percent stake in TotalEnergies Egypt.

Rising oil, gas prices are yielding bumper profits across the sector.